Stock Market & Financial Investment News

Gildan Activewear acquisition positive, says DA DavidsonAfter Gildan (GIL) agreed to buy leading Canadian hosiery provider Doris, DA Davidson thinks that Doris is a strategic fit for Gildan and will create another growth opportunity for the company. The firm expects Gildan to build a larger intimate apparel platform over time. It raised its price target on the shares to $68 from $64 and reiterates a Buy rating.